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Government unveils more support for small businesses
Ministers marked today’s Small Business Saturday by committing to help smaller firms win public sector contracts as well as reduce energy bills.
The announcement is aimed at removing some of the barriers faced by small businesses, such as accessing faster and better broadband connectivity and making it easier to switch energy suppliers.
Business Secretary Vince Cable said: “I meet with small businesses regularly who tell me about what Government support works well and what doesn’t. Through our commitment to small firms we are directly addressing that feedback, freeing them from unnecessary burdens, providing more finance and improving access to advice and support.
“In particular we are tackling the issue of late payment, which can threaten the survival of otherwise healthy businesses. We are enforcing prompt payment through the entire public sector and asking what more we can do to get credit flowing in the private sector.”
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